Swiss Investigating Oil Trader Gunvor for Foreign Bribery
- Two Gunvor companies probed after consultants bribed officials
- Republic of Congo case adds to scrutiny of commodity traders
Photographer: Simon Dawson/Bloomberg
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Switzerland’s Attorney General said it is investigating Gunvor Group Ltd. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders’ legal troubles in the long-running case.
The top Swiss prosecutor in its 2018 annual report Monday said it had widened an investigation into suspected bribery to include two companies controlled by the oil trader. Gunvor had previously disclosed only that the Swiss probe had expanded to include “organizational shortcomings” that may have been “exploited” by a former employee to “perpetrate alleged acts of bribery of foreign officials.”